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The Key Takeaways
- Broadcom is scheduled to report its fourth quarter earnings on Thursday, after the close of markets.
- All 12 analysts who watch Broadcom and are tracked by Visible Alpha have a "buy" or equivalent rating for the company's stock.
- Broadcom hopes to recover from its loss last quarter due to expenses related to the merger.
Broadcom will announce its fourth quarter earnings on Thursday after the close of the markets. Analysts are unanimously positive about the semiconductor maker.
Visible Alpha’s 12 analyst who track Broadcom have all a “buy” A consensus price goal of $193 is set for this stock. It’s approximately 8% more than Broadcom closed at $178.94 Monday.
Analysts see revenue as 51% higher
Wall Street anticipates Broadcom will report revenues of $14.06 Billion. That’s up 51% over the previous year. Net income is expected to be $3.53Billion or 76c per share.
Broadcom’s loss for the quarter was $1.88 billion, primarily due to higher expenses incurred in connection with its acquisition of VMware by November 2023.
Broadcom shares fell slightly on Monday but will be up 60% by 2024.
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